Can I retire at age 55 with 804,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$66,394$65,802$65,225$64,662$64,112$63,232
2 years$32,868$32,256$31,663$31,088$30,530$29,645
3 years$21,694$21,080$20,488$19,918$19,369$18,507
4 years$16,109$15,496$14,910$14,350$13,814$12,981
5 years$12,758$12,149$11,571$11,022$10,501$9,700
6 years$10,525$9,920$9,351$8,814$8,309$7,540
7 years$8,931$8,331$7,771$7,247$6,758$6,021
8 years$7,736$7,141$6,590$6,079$5,606$4,902
9 years$6,806$6,218$5,676$5,178$4,721$4,050
10 years$6,063$5,481$4,949$4,464$4,023$3,383
11 years$5,456$4,879$4,357$3,885$3,460$2,851
12 years$4,950$4,379$3,866$3,407$2,998$2,420
13 years$4,523$3,958$3,454$3,008$2,614$2,066
14 years$4,156$3,597$3,104$2,670$2,292$1,773
15 years$3,839$3,286$2,802$2,381$2,018$1,527
16 years$3,562$3,015$2,541$2,132$1,783$1,319
17 years$3,318$2,777$2,312$1,916$1,581$1,144
18 years$3,101$2,566$2,110$1,727$1,406$993
19 years$2,907$2,378$1,932$1,560$1,253$865
20 years$2,733$2,210$1,773$1,413$1,119$754
21 years$2,575$2,058$1,631$1,282$1,002$659
22 years$2,432$1,921$1,503$1,166$898$576
23 years$2,302$1,797$1,388$1,062$806$504
24 years$2,182$1,684$1,284$969$724$442
25 years$2,073$1,580$1,189$884$652$388
26 years$1,972$1,485$1,103$809$587$340
27 years$1,878$1,398$1,024$740$529$299
28 years$1,792$1,317$952$678$478$263
29 years$1,712$1,242$886$622$431$231
30 years$1,637$1,173$825$571$390$203
31 years$1,567$1,109$769$524$352$179
32 years$1,501$1,049$718$482$319$158
33 years$1,440$994$670$443$288$139
34 years$1,382$942$626$408$261$122
35 years$1,328$893$585$375$237$108
36 years$1,277$848$548$346$214$95
37 years$1,229$805$513$318$194$84
38 years$1,183$765$480$293$176$74
39 years$1,140$728$450$271$160$65
40 years$1,099$692$421$250$145$57
41 years$1,060$659$395$230$131$51
42 years$1,024$628$371$213$119$45
43 years$989$598$348$196$108$39
44 years$955$570$327$181$98$35
45 years$924$544$307$167$89$31
46 years$893$519$288$155$81$27
47 years$864$495$271$143$74$24
48 years$837$473$254$132$67$21
49 years$810$451$239$122$61$19
50 years$785$431$225$113$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $804,000, adding $2,917 every year, while hoping to spend $48,266 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 82/5/13 Blend
54$804,000$804,000$804,000$804,000
55$889,017$846,405$833,943$959,517
56$928,342$836,524$810,525$996,306
57$970,061$824,541$784,706$1,030,053
58$1,014,366$810,303$756,352$1,065,684
59$1,061,469$793,646$725,328$1,103,362
60$1,111,601$774,397$691,489$1,143,268
61$1,165,016$752,373$654,685$1,185,601
62$1,221,989$727,382$614,759$1,230,580
63$1,282,826$699,217$571,547$1,278,448
64$1,347,858$667,662$524,877$1,329,470
65$1,417,450$632,488$474,571$1,383,940
66$1,492,001$593,452$420,441$1,442,181
67$1,571,952$550,297$362,292$1,504,550
68$1,657,781$502,753$299,920$1,571,442
69$1,750,019$450,531$233,111$1,643,288
70$1,849,243$393,330$161,643$1,720,568
71$1,956,092$330,828$85,283$1,803,809
72$2,071,263$262,689$3,789$1,893,592
73$2,195,524$188,553$0$1,990,558
74$2,329,719$108,044$0$2,106,953
75$2,474,775$20,762$0$2,233,330
76$2,631,711$0$0$2,370,060
77$2,801,646$0$0$2,522,188
78$2,985,811$0$0$2,688,308
79$3,185,562$0$0$2,868,502
80$3,402,385$0$0$3,064,114
81$3,637,919$0$0$3,276,624
82$3,893,965$0$0$3,507,659
83$4,172,505$0$0$3,759,009
84$4,475,718$0$0$4,032,645
85$4,806,004$0$0$4,330,733
86$5,166,002$0$0$4,655,659
87$5,558,619$0$0$5,010,048
88$5,987,052$0$0$5,396,789
89$6,454,821$0$0$5,819,063
90$6,965,800$0$0$6,280,371
91$7,524,256$0$0$6,784,567
92$8,134,885$0$0$7,335,893
93$8,802,857$0$0$7,939,024
94$9,533,866$0$0$8,599,102
95$10,334,181$0$0$9,321,792
96$11,210,705$0$0$10,113,332
97$12,171,043$0$0$10,980,592
98$13,223,565$0$0$11,931,137
99$14,377,493$0$0$12,973,300
100$15,642,984$0$0$14,116,256